James Pethokoukis

Harvard study: Obama stimulus should have focused more on tax cuts

October 28, 2009

Now they tell us. A new NBER paper from Harvard’s Alberto F. Alesina and Silvia Ardagna (“Large Changes in Fiscal Policy: Taxes Versus Spending”) makes the case for tax cuts over spending as stimulus:

VAT Attack! Another reason it is a bad idea

October 28, 2009

One reason many free-marketeers want to take a pass on a value-added tax is that it would only fuel bigger government via higher tax revenues. Indeed, the good folks at TaxVox find new research that helps make that case (bold is mine)”

A China reality check

October 28, 2009

Thomas PM Barnett makes good sense, as usual:

Japan’s rise and decline should serve as a grim warning to China right now.

VAT Attack! The mysterious Christina Romer and higher taxes

October 28, 2009

Christina Romer’s speech on Monday had this overlooked bit, which I put into bold: